Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

Chinese navy to carry out combat drills in South China Sea

Published 03/23/2018, 03:16 AM
Updated 03/23/2018, 03:20 AM
Chinese navy to carry out combat drills in South China Sea

BEIJING (Reuters) - China's navy will carry out combat drills in the South China Sea, the military's official newspaper said on Friday, describing the move as part of regular annual exercises.

Taiwan's defense ministry said this week it had shadowed a Chinese aircraft carrier group traversing the Taiwan Strait in a southwesterly direction - meaning into the disputed South China Sea - in what Taiwan judged to be a drill.

In a brief report on its WeChat account, the People's Liberation Army Daily said the combat exercises would take place shortly, though it gave no details of timing, location or what ships would participate.

"This is a routine annual planned arrangement for the navy, the aim of which is to test and improve the military's training level and to fully raise the ability to win. It is not aimed at any specific country or target," the newspaper added, without elaborating.

China's navy and air force frequently carry out drills in the South China Sea, where the government has been building man-made islands and constructing airstrips and other facilities, unnerving the region.

China claims most of the South China Sea, a key trade route and home to areas that are believed to hold large quantities of oil and natural gas. Along with China, parts of the South China Sea are subject to competing claims from Brunei, Malaysia, Taiwan, Vietnam and the Philippines.

China routinely rejects criticism of its activities in the South China Sea, saying as it is Chinese territory it can do what it wants.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.